WWR chart still looks good. Gonna be interesting to see if it moves again today after things settle

In AXXA at .01787

CYRX has been quietly on the move recently

djmeen95 said:

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Orlando - Thanks and no worries on AXXA. I fully understand our risks are our own to manage and appreciate when folks share things they see.

Plus, you can't read. So.... grain of salt taken.

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lol, well lets see if it even gets back below .02. Right now things not trending in that direction.

Bought MVIS Feb 19th - $7C's for $1.50

It has plenty of time.

Don't get emotional when they try to shake you out of your shares on low volume.

I'd suggest buying shares as well.

$NFLX

McInnis 03 said:

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Are you cutting bait at open? How do you plan on playing this out?

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You still in it or did you bail? I'm currently hoping for a pullback of some sort.

There were a lot of eyes on pltr and the set up was obvious, I think they are trying to shake out weak hands with this chop between 26-27.

Exited $BB Calls here

I wanted to bring attention to EXPI. I set some alerts and am going to load up under $60.00, or buy Calls.

Mr President Elect said:

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$NFLX

McInnis 03 said:

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Are you cutting bait at open? How do you plan on playing this out?

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You still in it or did you bail? I'm currently hoping for a pullback of some sort.

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Out.

E said:

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They're called "re-education" camps! /CCP

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Looks like they re-educated Jack Ma. He said he has been "reading" and "learning".

Touchless said:

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CastleRock said:

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tam2002 said:

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WWR chart still looks good. Gonna be interesting to see if it moves again today after things settle

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Watching this one like a hawk.

If my limited understanding is anywhere close to correct, it will fill that opening gap and be back up at 7 by EOD.

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Careful with the Model T. I'm still trying to learn it, but also made a mistake with it early on regarding SPY. Model T gets you to the target point ($6 range in this case). It doesn't indicate it will go back up (or down) to where it came from. In this case, the theory does not mean it will jump back up to the $7 range it came from. It may, but the Model T itself is to give a target based on 50% retracement of a certain periods high and low.

Now, someone smarter than I can correct if my understanding is also correct lol.

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Seems like it may come back again. It doesn't look to me like there was a lot of volume at $6, at least not compared to the opening sales. Also has bounced back down off $6.50, which is also 50% retracement from yesterday's close.

SNSS moving some again

I saw someone here talking about covered calls a few days ago and they said "the calls aren't tied to the underlying stock."

I understand they aren't literally connected, but will your trading platform automatically sell your 100 shares if the ITM call option is exercised?

Example:
Buy 100 shares of WWR at $5.00
Sell one $7.5 call for $x.xx and receive the $x.xx premium.
If call expires worthless, you keep the premium and the shares.
If the call expires ITM, you keep the $x.xx premium, but you have to sell 100 shares at $7.5


So I understand the shares and options aren't LITERALLY connected, but shouldn't you operate under the assumption that they basically are connected?

Anyone have any videos or articles that you would recommend?


Thanks for all the daily education I receive here.

oldarmy1 said:

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POSH coming towards us at $75 and change now. $60 is Susan's number. Once options start trading I'll be on naked Puts to get that number and shares with covered calls.

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Pretty solid bounce off/flash below 75, maybe (hope!) we found our bottom here...

Oof AMC

Yes it will sell your shares if the covered call you sold is ITM. Also unless you have the authorizations, as long as that call is open you can't sell the shares to turn it into a naked option.

You are correct, and my brokerage will not allow me to sell the underlying that would leave me with a naked short call position (this is how you lose your house trading options) . I think of shares as "encumbered" when i have calls sold against them

Anyone messing with covered calls on AMC or CLOV?

ABML is over 1.8 now

irish pete ag06 said:

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Anyone messing with covered calls on AMC or CLOV?

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I sold some Feb 5 calls on AMC yesterday to go net free if it runs that much

Anyone looking for a good Model T example can look at CWH today
Opens at 32.09 runs to 33.80 drops down to 32.96 and for now is trending back up. Within a penny of the 50% mark